Euroway Sports Inc

Analysis

Euroway Sports Inc is a registered charity in United States, based in Pflugerville, TX. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Euroway Sports Inc reported income of $127k and spending of $60k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $127k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 55% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Euroway Sports Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Tribe Lacrosse ($127k), Mon Yough Trail Council ($127k) and American Youth Football Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $541k against liabilities of $66k, net assets of $476k.